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Ramky Infrastructure Ltd announced that a Concession Agreement has been executed between Maharashtra Industrial Development Corporation (MIDC) and
Maha Integrated Life Sciences City Ltd (MILeS) (being a Wholly Owned Subsidiary of Ramky Infrastructure Ltd) as a developer for the
"Development, Operation, Maintenance and Management of the upcoming High-Tech Pharmaceutical Park in Dighi Port Industrial Area Mangaon &
Roha Taluk, Raigad District in the state of Maharashtra on PPP Basis".
This project has been awarded for a period of 95 years concession including construction period of 5 years. This Project includes development of an Industrial Park over an area of 1000 hectares in Raigad District of Maharashtra primarily consisting of Industrial Zone, Commercial Zone, Common Amenities, Utilities, Open spaces and Roads .
This Life Sciences City aims to act as a one stop holistic solution to the Life Sciences and Pharma Sector in providing them with all the requisite sustainable Infrastructure for establishing their units.
At 9.43 am, Ramky Infrastructure Ltd was trading at Rs. 478.15, up by 4.39%, with a volume of 0.25 lakh shares on the BSE.
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